Spend Matters: An Executive Guide to Evaluating AI

AI is revolutionizing Contract Lifecycle Management (CLM) and Procure-to-Pay (P2P). It automates contract analysis, aids negotiation, and identifies risks in CLM. In P2P, AI optimizes purchasing, controls tail spend, detects fraud, and facilitates invoice matching. These solutions enhance efficiency, accuracy, and risk management, promoting sustainability. SAP’s collaboration with Spend Matters offers key AI insights for procurement professionals.